Gains Quote by William Vickrey

The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert…

— William Vickrey

It's insane to try to balance the budget.

— William Vickrey

Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a…

— William Vickrey

This paper was one of my digressions into abstract economics.

— William Vickrey

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

— William Vickrey

Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.

— William Vickrey

I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably…

— William Vickrey

There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those…

— William Vickrey

Firms would be given initial entitlements to gross markup on the basis of past performance, adjusted by changes in labor and capital inputs. This…

— William Vickrey

The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the…

— William Vickrey

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.

— William Vickrey

To stick to the present situation would be something like a man who was observed in Times Square looking earnestly along the pavement. He…

— William Vickrey